The hospitality industry is under a major mayhem, owing to COVID-19. Significant layoffs, salary cuts, leave without pay have become standard actions in the last four months. One of India's largest hotel chains is headed in the same direction. Dinesh Ramamurthi, CHRO - OYO Hotels & Homes is facing tremendous Role stress. According to you, what coping strategies will be more appropriate to manage organizational Role stress in above mentioned situation?

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Goal Setting

Goal setting is the first and most essential activity in a business organization. Without goals, an organization will wander with no focus or direction. A goal provides a target to aim for and helps to measure progress. There are different types of goals in business—short-term, long-term, operational, and strategic goals.